District Reserve Funds Continue to Rise

Contrary to claims about budget cuts to public education, Pennsylvania school districts continue to accumulate large reserve funds, up to $4.1 billion in 2013-14. This amounts to more than 15 percent of their total revenue, according to recent figures from the Department of Education, and a $100 million increase over 2012-13.

A school district’s fund balance is essentially a rainy-day fund. 

Take a look at our most recent Policy Memo for more trends in Pennsylvania public education.